Novanta (NOVT) Q4 2025 Earnings Call Transcript

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Tuesday, Feb. 24, 2026 astatine 8 a.m. ET

• Chair and Chief Executive Officer — Matthijs Glastra

• Chief Financial Officer — Robert J. Buckley

• Corporate Finance Leader — Ray Nash

Ray Nash: Thank you precise much. Good morning, and invited to Novanta Inc.’s 4th fourth and afloat twelvemonth 2025 net league call. This is Ray Nash, Corporate Finance Leader for Novanta Inc. With maine connected today’s telephone is our Chair and Chief Executive Officer, Matthijs Glastra, and our Chief Financial Officer, Robert J. Buckley. If you person not received a transcript of our net property merchandise issued past night, you whitethorn get it from the Investor Relations conception of our website astatine www.novanta.com. Please enactment this telephone is being webcast unrecorded and volition beryllium archived connected our website soon aft the call.

Before we begin, we request to punctual everyone of the Safe Harbor for forward-looking statements that we person outlined successful our net property merchandise issued past nighttime and besides those successful our SEC filings. We whitethorn marque immoderate comments today, some successful our prepared remarks and successful our responses to questions, that whitethorn see forward-looking statements. These impact inherent assumptions with known and chartless risks and different factors that could origin our aboriginal results to disagree materially from our existent expectations. Any forward-looking statements made contiguous correspond our views lone arsenic of this time. We disclaim immoderate work to update forward-looking statements successful the future, adjacent if our estimates change.

So you should not trust connected immoderate of these forward-looking statements arsenic representing our views arsenic of immoderate clip aft this call. During this call, we volition beryllium referring to definite non-GAAP fiscal measures. A reconciliation of specified non-GAAP fiscal measures to the astir straight comparable GAAP measures is disposable arsenic an attachment to our net property release. To the grade that we usage non-GAAP fiscal measures during the telephone that are not reconciled to GAAP measures successful the net property release, we volition supply reconciliations promptly connected the Investor Relations conception of our website aft this call. I americium present pleased to present the Chair and Chief Executive Officer of Novanta Inc., Matthijs Glastra.

Matthijs Glastra: Thank you, Ray. Good morning, everybody, and acknowledgment for joining our call. We said we would instrumentality to integrated maturation and double-digit nett maturation successful the 4th quarter, and we delivered. Novanta Inc. posted grounds gross successful the 4th fourth with 9% reported growth, 2% integrated growth, and 4% sequential growth. Bookings surged 25% twelvemonth implicit twelvemonth and 12% sequentially with a book-to-bill of 1.11. Every azygous concern delivered double-digit bookings growth, and a affirmative book-to-bill successful the aforesaid quarter. That is the archetypal clip that has happened since 2022.